Dentsply Sirona (XRAY) FY2016 results: revenue $3.7 billion, up 40.0% on the year
Dentsply Sirona Inc. (XRAY) reported revenue of $3.7 billion for fiscal 2016, the year ended 31 December 2016, up 40.0% on the year before. Net income was $430 million, up 71.1%, and diluted earnings per share $1.94. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2017.
Revenue
$3.7 billion
+40.0% on the year
FY2009FY2016
Operating margin
12.1%
14.0% a year earlier
FY2009FY2016
Net income
$430 million
+71.1% on the year
FY2009FY2016
Diluted EPS
$1.94
+10.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,745
2,674
2,923
+40.0%
Cost of revenue
1,744
1,157
1,323
+50.8%
Gross profit
2,001
1,517
1,600
+31.9%
Gross margin
53.4%
56.7%
54.7%
Research and development
128
74.9
80.8
+71.6%
Selling, general and administrative
1,523
1,077
1,143
+41.4%
Operating income
455
375
446
+21.2%
Operating margin
12.1%
14.0%
15.2%
Interest expense
35.9
55.9
46.9
-35.8%
Pre-tax income
441
330
404
+33.7%
Income tax
9.5
77.0
81.1
-87.7%
Effective tax rate
2.2%
23.4%
20.1%
Net income
430
251
323
+71.1%
Net margin
11.5%
9.4%
11.0%
Diluted EPS
$1.94
$1.76
$2.24
+10.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
563
497
560
+13.3%
Capital expenditure
125
72.0
99.6
+73.6%
Free cash flow
438
425
461
+3.1%
Free cash flow margin
11.7%
15.9%
15.8%
Cash from investing
60.0
-54.9
-139
Cash from financing
-526
-303
-336
Depreciation and amortisation
272
123
129
+121.1%
Share-based compensation
41.3
25.6
25.4
+61.3%
Buybacks
814
113
163
+622.2%
Dividends paid
64.6
40.0
37.3
+61.5%
Dividend per share
$0.31
$0.29
$0.27
+6.9%
Diluted shares, weighted
222m
142m
144m
+55.5%
Shares outstanding at period end
230m
140m
141m
+64.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
8,114
2,338
2,321
+247.1%
Non-controlling interest
11.6
1.4
0.9
+728.6%
Debt
1,528
1,154
1,263
+32.5%
Other liabilities
1,902
910
1,065
+109.0%
Total liabilities and equity
11,556
4,403
4,650
+162.5%
Fixed assets
800
559
589
+43.1%
Goodwill
5,952
1,988
2,089
+199.5%
Intangible assets
2,958
601
671
+392.4%
Cash and equivalents
384
285
152
+34.9%
Inventory
517
340
387
+51.9%
Other assets
945
631
763
+49.9%
Total assets
11,556
4,403
4,650
+162.5%
10-K for the year ended 31 December 2016, filed 1 March 2017: the filing.